Tag: Amazon
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The Amazon Management System Book Summary
1. Unlike most business which is obsessed about competition, amazon is extremely obsessed with customers. Data is crucial and is the real equity for amazon. Data of customers is critical to identify customer needs, offer better service and value to them, which increases revenue output that further lowers cost and maximizes returns. 2.…
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The Four Book Summary
Most interesting aspect is how Scott looks at the base emotions that each of the 4 tech companies have managed to connect with e.g. Apple is like connecting with God, Amazon taps into our basic instict to hoard (uncertain future), etc. Factors that make the 4. T algorithm 1. Product differentiation 2. Visionary capital…
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The Everything Store: Jeff Bezos and the Age of Amazon Book Summary
Looked at the rapid growth of internet and asked what all will get disrupted by this. Came up with many ideas and DE Shaw actually launched a few. Couldn’t create an Everything store on day 1 so had to choose a product category. Chose books. Kept generating more orders than they could service. Increasing…
